XML 20 R5.htm IDEA: XBRL DOCUMENT v3.19.1
CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Mar. 31, 2019
Dec. 31, 2018
Property, Plant and Equipment:    
Utility Plant, at original cost $ 4,427,438 $ 4,341,113
Accumulated Depreciation (799,637) (787,243)
Nonutility Property and Equipment, at cost 152,270 152,232
Accumulated Depreciation (53,992) (52,629)
Property, Plant and Equipment - Net 3,726,079 3,653,473
Investments:    
Available-for-Sale Securities 41 41
Restricted Investments 7,649 1,649
Investment in Affiliates 79,243 76,122
Total Investments 86,933 77,812
Current Assets:    
Cash and Cash Equivalents 10,360 30,030
Accounts Receivable 317,917 337,502
Unbilled Revenues 68,155 79,538
Provision for Uncollectibles (20,753) (18,842)
Notes Receivable - Affiliate 2,566 1,945
Natural Gas in Storage, average cost 26,613 60,425
Materials and Supplies, average cost 1,744 1,743
Prepaid Taxes 13,586 30,694
Derivatives - Energy Related Assets 29,180 54,021
Assets Held For Sale 37,532 59,588
Other Prepayments and Current Assets 33,807 26,548
Total Current Assets 520,707 663,192
Regulatory and Other Noncurrent Assets:    
Regulatory Assets 624,187 662,969
Derivatives - Energy Related Assets 13,677 7,169
Notes Receivable - Affiliate 13,275 13,275
Contract Receivables 28,744 27,961
Goodwill 734,607 734,600
Other 115,153 116,119
Total Regulatory and Other Noncurrent Assets 1,529,643 1,562,100
Total Assets 5,863,362 5,956,577
Equity:    
Common Stock 115,486 106,883
Other Paid-In Capital and Premium on Common Stock 1,023,097 843,268
Treasury Stock (at par) (275) (292)
Accumulated Other Comprehensive Loss (26,087) (26,095)
Retained Earnings 402,333 343,258
Total Equity 1,514,554 1,267,022
Long-Term Debt 2,117,903 2,106,863
Total Capitalization 3,632,457 3,373,885
Current Liabilities:    
Notes Payable 355,121 270,500
Current Portion of Long-Term Debt 333,909 733,909
Accounts Payable 332,876 410,463
Customer Deposits and Credit Balances 26,434 32,058
Environmental Remediation Costs 50,258 47,592
Taxes Accrued 10,715 5,881
Derivatives - Energy Related Liabilities 21,392 24,134
Deferred Contract Revenues 1,772 1,772
Derivatives - Other Current 780 588
Dividends Payable 26,562 0
Interest Accrued 13,962 14,208
Pension Benefits 3,631 3,631
Other Current Liabilities 27,643 36,102
Total Current Liabilities 1,205,055 1,580,838
Deferred Credits and Other Noncurrent Liabilities:    
Deferred Income Taxes - Net 111,614 85,836
Pension and Other Postretirement Benefits 110,049 110,112
Environmental Remediation Costs 204,645 206,058
Asset Retirement Obligations 81,032 80,163
Derivatives - Energy Related Liabilities 5,713 7,256
Derivatives - Other Noncurrent 8,898 7,285
Regulatory Liabilities 478,592 478,499
Other 25,307 26,645
Total Deferred Credits and Other Noncurrent Liabilities 1,025,850 1,001,854
Commitments and Contingencies (Note 11)
Total Capitalization and Liabilities 5,863,362 5,956,577
SJG Utility Operations    
Property, Plant and Equipment:    
Utility Plant, at original cost 2,958,656 2,907,202
Accumulated Depreciation (535,551) (523,743)
Property, Plant and Equipment - Net 2,423,105 2,383,459
Investments:    
Restricted Investments 1,468 1,278
Total Investments 1,468 1,278
Current Assets:    
Cash and Cash Equivalents 1,756 1,984
Accounts Receivable 146,185 101,572
Accounts Receivable - Related Parties 16,338 2,442
Unbilled Revenues 38,292 43,271
Provision for Uncollectibles (13,968) (13,643)
Natural Gas in Storage, average cost 3,504 16,336
Materials and Supplies, average cost 619 619
Prepaid Taxes 11,113 28,772
Derivatives - Energy Related Assets 2,076 5,464
Other Prepayments and Current Assets 18,888 11,280
Total Current Assets 224,803 198,097
Regulatory and Other Noncurrent Assets:    
Regulatory Assets 454,542 492,365
Long-Term Receivables 26,428 25,531
Derivatives - Energy Related Assets 0 15
Other 20,047 17,491
Total Regulatory and Other Noncurrent Assets 501,017 535,402
Total Assets 3,150,393 3,118,236
Equity:    
Common Stock 5,848 5,848
Other Paid-In Capital and Premium on Common Stock 355,744 355,744
Accumulated Other Comprehensive Loss (22,349) (22,357)
Retained Earnings 737,518 668,787
Total Equity 1,076,761 1,008,022
Long-Term Debt 884,655 874,507
Total Capitalization 1,961,416 1,882,529
Current Liabilities:    
Notes Payable 68,502 107,500
Current Portion of Long-Term Debt 18,909 18,909
Customer Deposits and Credit Balances 18,018 23,862
Accounts Payable - Commodity 41,155 48,490
Accounts Payable - Other 44,701 52,966
Accounts Payable - Related Parties 6,058 12,563
Environmental Remediation Costs 36,338 33,022
Taxes Accrued 7,012 1,891
Derivatives - Energy Related Liabilities 693 2,146
Derivatives - Other Current 391 343
Interest Accrued 4,842 7,134
Pension Benefits 3,597 3,597
Other Current Liabilities 7,759 9,444
Total Current Liabilities 257,975 321,867
Deferred Credits and Other Noncurrent Liabilities:    
Deferred Income Taxes - Net 349,676 325,886
Pension and Other Postretirement Benefits 96,497 96,053
Environmental Remediation Costs 113,703 115,049
Asset Retirement Obligations 80,756 79,890
Derivatives - Energy Related Liabilities 96 43
Derivatives - Other Noncurrent 6,191 5,524
Regulatory Liabilities 278,827 286,539
Other 5,256 4,856
Total Deferred Credits and Other Noncurrent Liabilities 931,002 913,840
Total Capitalization and Liabilities $ 3,150,393 $ 3,118,236